French banking giant SocGen recently issued a green bond on the Ethereum network, marking a major shift in traditional finance’s attitude toward digital assets. The move highlights the growing interest among mainstream financial institutions in the potential of blockchain technology to improve the transparency, efficiency and sustainability of financial transactions.
Blockchain technology makes headway in finance
Société Générale has issued a €10 million digital green bond token managed by its digital asset-focused unit SG-FORGE, representing a growing trend in the financial industry. The initiative captures the essence of how traditional finance (TradFi) institutions are increasingly adopting blockchain-based solutions. Last month, JPMorgan and Apollo, along with several cryptocurrency firms, demonstrated the potential of blockchain in tokenizing funds, signaling a broader industry shift.